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Bayer's Profits Surged in 1983

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May 4, 1984, Page 00002 The New York Times Archives

Bayer A.G. said today that a strong rebound for the worldwide chemical industry helped its 1983 profits soar more than 10 times from 1982's figures.

The company posted profits of 754 million marks, or $277.2 million, up from 64 million marks in 1982.

Bayer said its recovery reflected the better fortunes of the chemical industry last year, when restocking by client industries marked the end of the recession that crippled earnings in 1982.

West Germany's two other major chemical groups, BASF A.G. and Hoechst A.G., announced large profit increases earlier this week.

A version of this article appears in print on May 4, 1984, on Page D00002 of the National edition with the headline: Bayer's Profits Surged in 1983. Order Reprints|Today's Paper|Subscribe